In the current shrinking real estate market and lack of inventory of homes for sale, your home may be worth more than you think. You may build enough equity to pay your debts, move to a bigger home, size down and buy a smaller home for cash, or invest in something you want.
To help my clients make the lifetime decision, sell now or wait? I have added to my services preparation of Home’s Professional Equity Assessment Report based on Home's Value Report and Estimated Closing Cost and Your Estimated Mortgage Payoff (if any).
We will prepare Your Home's Equity Assessment Report based on estimated closing cost with a lower listing fee of the total 4% assuming you considering selling your home with Homesellers Realty. If you decide to work with a traditional full 6% fee agent, you need to adjust the numbers properly. However, this report is only to estimate your home equity based on average home conditions and loan payoff estimated by the owner, not the Bank.
If you’re a homeowner, your net worth got a big boost over the past several years due to rapidly rising home prices. You probably accumulated decent amount of equity on your house.